Galp Energia SGPS Balance Sheet Health
Financial Health criteria checks 4/6
Galp Energia SGPS has a total shareholder equity of €5.7B and total debt of €3.3B, which brings its debt-to-equity ratio to 57.8%. Its total assets and total liabilities are €16.4B and €10.8B respectively. Galp Energia SGPS's EBIT is €3.0B making its interest coverage ratio 51.3. It has cash and short-term investments of €1.8B.
Key information
57.8%
Debt to equity ratio
€3.29b
Debt
Interest coverage ratio | 51.3x |
Cash | €1.78b |
Equity | €5.69b |
Total liabilities | €10.76b |
Total assets | €16.45b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GZ5's short term assets (€6.2B) exceed its short term liabilities (€3.8B).
Long Term Liabilities: GZ5's short term assets (€6.2B) do not cover its long term liabilities (€6.9B).
Debt to Equity History and Analysis
Debt Level: GZ5's net debt to equity ratio (26.5%) is considered satisfactory.
Reducing Debt: GZ5's debt to equity ratio has increased from 49.6% to 57.8% over the past 5 years.
Debt Coverage: GZ5's debt is well covered by operating cash flow (77.6%).
Interest Coverage: GZ5's interest payments on its debt are well covered by EBIT (51.3x coverage).